Press Digest: Wall Street Journal - Feb 27

Adbri

27/02/2024 06:37

Feb 27 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Disney's  DIS.N  David Greenbaum has been named to the
newly created role of president, overseeing Disney Live Action
and 20th Century studios, reporting to Disney Entertainment
co-Chairman Alan Bergman, Walt Disney Studios announced on
Monday.
    
    - Exxon Mobil Corp  XOM.N  said on Monday it may preempt
Chevron Corp's  CVX.N  acquisition of a 30% stake in a giant
Guyana oil block, the centerpiece of its deal for Hess Corp
 HES.N .
    
    - Online travel platform Expedia  EXPE.O  said on Monday it
was cutting about 1,500 jobs globally, or about 9% of its total
workforce, as part of its "organizational and technological
transformation".
    
    - Australian building-materials supplier Adbri  ABC.AX 
agreed to a takeover by U.S.-listed CRH  CRH.N  and the Barro
Group that values its equity at about $1.4 billion.
        
  
        - The U.S. Federal Trade Commission and eight states
said on Monday they are suing to block supermarket chain
Kroger's  KR.N  $24.6 billion deal to buy smaller rival
Albertsons  ACI.N , saying it would boost grocery prices for
millions of Americans.
        
  
        -  Australia's No. 2 supermarket operator Coles Group
 COL.AX  on Tuesday rejected accusations of price gouging as its
first-half profit beat analyst forecasts, saying food inflation
was a global problem and its margins were steady.
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))